Mindscape To Buy Software Group

March 13, 1987|By Christine Winter.

Mindscape Inc., Northbrook, said Thursday that it has signed an agreement in principle to acquire most of the assets of the software unit of Holt, Rinehart and Winston Inc., formerly known as CBS Interactive Learning.

Mindscape, previously owned by SFN Companies Inc., is owned by John Purcell, former chairman and chief executive of SFN, and Roger Buoy, Mindscape president and chief executive.

The acquisition, the third for Mindscape since last summer, makes the privately held suburban software house one of the nation`s largest publishers of educational software. The company also develops productivity and entertainment software.

Buoy said the company will acquire the HRW unit`s product line, including such best selling titles as Success with Math and Mastering the ACT.

Mindscape said it will move all operations to its Northbrook location, which is being expanded.

Some HRW employees are being encouraged to come to Mindscape, a company spokesman said.